SEOUL, Oct. 30 (Yonhap) -- Exports of passenger cars moved up 16 percent
in the third quarter of 2023 from a year earlier following robust demand
for eco-friendly models, data showed Monday.

South Korean carmakers shipped US$14.6 billion worth of passenger cars
over the July-September period, rising from $12.6 billion tallied a year
earlier, according to the Korea Customs Service.

The number of cars shipped reached 610,000, also advancing 2.9 percent
over the period.

Exports of eco-friendly models especially shot up 35.6 percent to hit
$5.5 billion, the data showed.

Imports, on the other hand, shed 22.8 percent over the period to $2.7
billion.

By destination, exports to the United States moved up 24.5 percent in
terms of value, with those to Canada and Australia jumping 21 percent
and 14.4 percent, respectively.

The average price of cars shipped came to $23,979 during the cited
period, up 12.7 percent on-year. That of imports reached $45,575, up 5.4
percent.